Dunnottar, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Dunnottar, Manitoba
In the small yet burgeoning community of Dunnottar, situated in Manitoba, the real estate market is currently characterized by steady growth. The median house price stands at a substantial $500,000, with a year-over-year increase of 3.5%. This trend reflects a robust demand for housing and an upward trajectory in property values. Similarly, the median apartment price is set at $300,000, experiencing a more modest yet consistent growth rate of 2.1% over the past year. These figures suggest that the real estate market in Dunnottar is healthy and growing at a sustainable pace.
The population growth of 7.1% is another critical indicator of market conditions. This demographic expansion signifies a growing demand for housing which may continue to push property values upwards if the supply side does not keep pace with this increase.
Investment Opportunities and Potential in Dunnottar
Dunnottar’s real estate market presents attractive investment opportunities considering its steady growth trends. The persistent rise in median house and apartment prices indicates strong market fundamentals that could benefit long-term investors. Moreover, with a significant population growth rate, there is potential for increased rental demand, making rental properties an appealing option for investors looking to tap into the local housing market.
Investors should also consider the scalability potential in Dunnottar’s real estate given its smaller size but rapid development. The town’s increasing attractiveness may lead to further residential expansion and enhancement of amenities which could boost property values further.
Future Market Outlook for Dunnottar
The outlook for the Dunnottar real estate market remains positive based on current trends and demographic factors. The sustained increase in property values coupled with robust population growth suggests that demand will likely continue to outpace supply in the near term, potentially leading to further price appreciation.
However, as more investors and homebuyers take note of Dunnottar’s potential, it is reasonable to anticipate new developments and housing projects aimed at meeting this growing demand. This could result in a more balanced market dynamic over time. Nonetheless, early entrants into the Dunnottar market may still reap significant benefits from both property value appreciation and rental income streams as the town continues to expand.
To conclude, reliable data support an optimistic view of Dunnottar’s real estate market with ongoing opportunities for growth-oriented investments. Stakeholders should monitor local developments closely as the market evolves.
